Form 4: Select Water Solutions CEO John Schmitz Reports Stock Transactions
SEC Form 4
John Schmitz, President & CEO of Select Water Solutions, reports acquisition and disposal of Class A Common Stock due to vesting of restricted stock and tax obligations.
Summary
- On February 24, 2025, John Schmitz, the President & CEO of Select Water Solutions, acquired shares of Class A Common Stock.
- These shares were granted as restricted stock under the company's 2024 Equity Incentive Plan and vest in three equal installments on February 24, 2026, February 24, 2027, and February 24, 2028.
- Also on February 24, 2025, Schmitz disposed of shares to satisfy tax withholding obligations related to the vesting of restricted stock at a price of $12.2 per share.
- Following these transactions, Schmitz directly owns 472,408 shares of Class A Common Stock.
- Schmitz also indirectly owns 2,825,128 shares through B-29 Investments, LP, 539,388 shares through the John David Schmitz 2024 Annuity Trust, and 539,387 shares through the Sandra Lee Schmitz 2024 Annuity Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The granting of restricted stock to the CEO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like the CEO, trade in their company's stock. It provides transparency to investors about the transactions of those with privileged information.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 11/13/2024 | Date of John David Schmitz 2024 Annuity Trust DTD and Sandra Lee Schmitz 2024 Annuity Trust DTD |
| 02/24/2025 | Date of stock acquisition and disposal transactions. |
| 02/24/2026 | First vesting date for 1/3 of the restricted stock. |
| 02/24/2027 | Second vesting date for 1/3 of the restricted stock. |
| 02/24/2028 | Final vesting date for 1/3 of the restricted stock. |
| 02/26/2025 | Date of signature for the Form 4 filing. |
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